ECOMARKET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ECOMARKET
Largest movements
- Stocks and contracts -€51,637
down €51,637 (-52.9%), from €97,665 to €46,028
- Receivables within one year -€20,490
down €20,490 (-12.5%), from €164,357 to €143,868
of which Trade receivables: -€15,379
- Intangible fixed assets -€15,855
down €15,855 (-50.3%), from €31,502 to €15,647
- Cash -€7,091
down €7,091 (-7.5%), from €94,615 to €87,524
mainly Debts after one year (-€39,327) and Current portion of long-term debt (-€33,998)
- Debts after one year -€39,327
down €39,327 (-40.4%), from €97,327 to €58,000
- Current portion of long-term debt -€33,998
down €33,998 (-32.4%), from €104,888 to €70,890
- Profit (loss) carried forward -€9,658
down €9,658 (-27.0%), from -€35,803 to -€45,461
- Trade debts -€7,690
down €7,690 (-9.6%), from €80,488 to €72,798
- Other debts -€6,422
down €6,422 (-80.3%), from €7,993 to €1,571
- Gross operating margin -€108,728
down €108,728 (-49.0%), from €222,059 to €113,331
- Staff costs +€16,940
up €16,940 (+42.7%), from €39,681 to €56,621
- Financial charges -€4,745
down €4,745 (-9.1%), from €52,116 to €47,371
- Depreciation -€4,066
down €4,066 (-18.8%), from €21,665 to €17,599
- Financial income -€2,296
down €2,296 (-93.8%), from €2,447 to €151
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,405 | €306,159 | -€96,245 | -23.9% |
| Fixed assets | 21/28 | €45,767 | €28,168 | -€17,599 | -38.5% |
| Intangible fixed assets | 21 | €31,502 | €15,647 | -€15,855 | -50.3% |
| Tangible fixed assets | 22/27 | €6,765 | €5,021 | -€1,744 | -25.8% |
| Plant, machinery and equipment | 23 | €3,007 | €2,391 | -€617 | -20.5% |
| Furniture and vehicles | 24 | €3,758 | €2,630 | -€1,127 | -30.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €356,637 | €277,991 | -€78,646 | -22.1% |
| Stocks and contracts in progress | 3 | €97,665 | €46,028 | -€51,637 | -52.9% |
| Stocks | 30/36 | €97,665 | €46,028 | -€51,637 | -52.9% |
| Amounts receivable within one year | 40/41 | €164,357 | €143,868 | -€20,490 | -12.5% |
| Trade receivables | 40 | €157,370 | €141,990 | -€15,379 | -9.8% |
| Other amounts receivable | 41 | €6,988 | €1,877 | -€5,111 | -73.1% |
| Cash at bank and in hand | 54/58 | €94,615 | €87,524 | -€7,091 | -7.5% |
| Deferred charges and accrued income | 490/1 | - | €572 | +€572 | |
| Total equity and liabilities | 10/49 | €402,405 | €306,159 | -€96,245 | -23.9% |
| Equity | 10/15 | €56,197 | €46,539 | -€9,658 | -17.2% |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,803 | -€45,461 | -€9,658 | -27.0% |
| Amounts payable | 17/49 | €346,207 | €259,620 | -€86,587 | -25.0% |
| Amounts payable after more than one year | 17 | €97,327 | €58,000 | -€39,327 | -40.4% |
| Financial debts | 170/4 | €97,327 | €58,000 | -€39,327 | -40.4% |
| Amounts payable within one year | 42/48 | €248,880 | €201,313 | -€47,567 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €104,888 | €70,890 | -€33,998 | -32.4% |
| Trade debts | 44 | €80,488 | €72,798 | -€7,690 | -9.6% |
| Suppliers | 440/4 | €80,488 | €72,798 | -€7,690 | -9.6% |
| Taxes, remuneration and social security | 45 | €55,511 | €56,054 | +€542 | +1.0% |
| Taxes | 450/3 | €49,505 | €48,886 | -€618 | -1.2% |
| Remuneration and social security | 454/9 | €6,006 | €7,167 | +€1,161 | +19.3% |
| Other amounts payable | 47/48 | €7,993 | €1,571 | -€6,422 | -80.3% |
| Accrued charges and deferred income | 492/3 | - | €307 | +€307 | |
| Remuneration, social security and pensions | 62 | €39,681 | €56,621 | +€16,940 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,665 | €17,599 | -€4,066 | -18.8% |
| Other operating charges | 640/8 | €2,100 | €1,550 | -€550 | -26.2% |
| Gross operating margin | 9900 | €222,059 | €113,331 | -€108,728 | -49.0% |
| Operating profit (loss) | 9901 | €158,613 | €37,561 | -€121,052 | -76.3% |
| Financial income | 75/76B | €2,447 | €151 | -€2,296 | -93.8% |
| Recurring financial income | 75 | €2,447 | €151 | -€2,296 | -93.8% |
| Financial charges | 65/66B | €52,116 | €47,371 | -€4,745 | -9.1% |
| Recurring financial charges | 65 | €52,116 | €47,371 | -€4,745 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €108,944 | -€9,658 | -€118,603 | |
| Profit (loss) for the period | 9904 | €108,944 | -€9,658 | -€118,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,944 | -€9,658 | -€118,603 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.